Fieldview Capital Management LLC Makes New Investment in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Fieldview Capital acquired a new stake of 14,507 shares in Take-Two during Q3, valued at about $3.75 million, and overall institutional investors own roughly 95.46% of the stock.
• Company insiders have been net sellers recently — CEO Strauss Zelnick sold 7,946 shares for about $1.70 million, and insiders sold 64,880 shares totaling roughly $13.9 million in the past 90 days while owning 1.34% of the company.
• Analyst sentiment is broadly positive with a consensus rating of “Moderate Buy” and a consensus price target of $284.44, versus a recent share price near $211.50 and a market cap of about $39.2 billion.

Fieldview Capital Management LLC acquired a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,507 shares of the company's stock, valued at approximately $3,748,000.

A number of other institutional investors also recently modified their holdings of TTWO. Pilgrim Partners Asia Pte Ltd purchased a new position in Take-Two Interactive Software during the 3rd quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth approximately $27,000. Pinnacle Bancorp Inc. purchased a new position in shares of Take-Two Interactive Software during the third quarter valued at approximately $29,000. Meeder Asset Management Inc. raised its holdings in shares of Take-Two Interactive Software by 216.3% during the third quarter. Meeder Asset Management Inc. now owns 136 shares of the company's stock valued at $35,000 after acquiring an additional 93 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Take-Two Interactive Software by 42.9% in the third quarter. Blue Trust Inc. now owns 150 shares of the company's stock worth $39,000 after acquiring an additional 45 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Strauss Zelnick sold 7,946 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $214.16, for a total value of $1,701,715.36. Following the sale, the chief executive officer directly owned 170,756 shares of the company's stock, valued at approximately $36,569,104.96. This represents a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Daniel P. Emerson sold 810 shares of Take-Two Interactive Software stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $213.47, for a total value of $172,910.70. Following the completion of the transaction, the insider directly owned 124,191 shares of the company's stock, valued at approximately $26,511,052.77. This represents a 0.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 64,880 shares of company stock valued at $13,908,337. Company insiders own 1.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TTWO shares. Zacks Research downgraded shares of Take-Two Interactive Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 12th. DA Davidson reiterated a "buy" rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. UBS Group raised their price objective on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th. Raymond James Financial upgraded Take-Two Interactive Software from an "outperform" rating to a "strong-buy" rating and set a $285.00 target price on the stock in a report on Tuesday, February 10th. Finally, Morgan Stanley raised their target price on Take-Two Interactive Software from $275.00 to $280.00 and gave the company an "overweight" rating in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $284.44.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $211.50 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. The stock has a market cap of $39.17 billion, a P/E ratio of -9.45, a P/E/G ratio of 8.66 and a beta of 0.94. The business's 50 day moving average price is $225.85 and its 200-day moving average price is $239.67. Take-Two Interactive Software, Inc. has a 52 week low of $188.56 and a 52 week high of $264.79.

Take-Two Interactive Software Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two's publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.

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